Trump: Oil prices will plummet after war ends ‘very soon’
Trump rejected Iran’s seven-day reopening plan and signaled he still expects renewed bombing, even as oil shipments through the strait rose, officials said.
- On Saturday, President Donald Trump posted an image to Truth Social depicting the Strait of Hormuz as "Trump Strait," shortly after Iran proposed reopening the waterway if Washington meets specific conditions within seven days.
- Iranian Foreign Minister Abbas Araghchi stated that Tehran could reopen the strait if Washington lifts its naval blockade, waives oil sanctions, and observes a ceasefire extending to Lebanon, saying, "The choice now rests with the United States."
- Trump expressed skepticism that Iran will meet demands, reiterating that Tehran cannot acquire nuclear weapons. President Masoud Pezeshkian previously pushed back against Trump's threat to "annihilate" the Islamic Republic, though he remains open to diplomacy.
- The White House reported Friday that U.S. officials are holding "positive and constructive" conversations with mediators, though Trump indicated that fresh American air strikes on Iranian targets remain a possibility.
- Nearly a fifth of the world's traded oil and gas moved through the waterway before the conflict, making it central to Iran's leverage. Continued disruptions have rattled energy markets and added pressure ahead of the U.S. midterm elections.
201 Articles
201 Articles
The price of the Brent oil barrel – a reference in Europe – has risen to $108.50 at 13.00, 4%, in the face of the stagnation of the Iranian plan to reopen the Strait ... Continue reading "The oil picks up 4% and exceeds 108 dollars in the face of Trump's rejection of the Iranian plan to reopen Ormuz"
The US is ready to return to the negotiating table, but Iran insists on its demands. The latest news on the blog.
US President Donald Trump shared an image depicting the Strait of Hormuz as the "Trump Strait."
Trump Renews ‘Trump Strait’ Proposal With New Hormuz Map Post on Truth Social
U.S. President Donald Trump has reignited controversy over the Strait of Hormuz after sharing a map on his Truth Social account labeling the strategic waterway as “Trump Strait”, reviving a proposal he has repeatedly promoted during the recent U.S.-Iran crisis. The image, posted Sunday, highlighted the Strait of Hormuz between Iran and Oman with a […]
Trump Rejects Iran Ceasefire, Posts 'Trump Strait' Image
President Trump rejected a seven-day Iran ceasefire offer that would reopen the Strait of Hormuz and restart nuclear talks, then posted a ‘Trump Strait’ image while keeping the port blockade in place. The proposal reached Washington through Qatari mediators. It called for a weeklong ceasefire, Iran reopening the narrow Strait of Hormuz on the sixth […]
After that, he said, oil prices would go down sharply.
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